Observer Eesti Oü

Estonia Business News: Archive 2003-

WEEK 36.2006

Monday, 4th of September, 2006

Postimees had biggest turnover of eight months
In eight months Postimees earned EEK 61 million from advertising sale, being the leader among the biggest Estonian newspapers. Äripäev is holding second place with EEK 47.1 million. According to media analyst Toomas Leito, newspapers’ advertising turnover in eight months grew 17.8% compared to respective period last year.

Tuesday, 5th of September, 2006

Economic growth repeats records
According to Statistics Board, Estonia’s economic growth in the 2nd quarter was 12%, which is 7% more than 11 years ago. Economic growth was so high the last time in 1997, followed by economic crash due to closing of Russian market. The Bank of Estonia expects similar growth to continue.

Each fattened stomach needs lavage
Editorial of Äripäev thinks that we should not greet 12% economic growth – Estonia’s stomach is stretched and will soon shrink. Newspaper thinks that a little shock would do no harm – it would help set some things back to balance.

Wednesday, 6th of September, 2006

Estonia’s business environment level unchanged
According to the World Bank report “Doing Business 2007”, Estonia’s business environment holds 17th position in the world – remaining unchanged from last year’s level. PM Andrus Ansip comments that simply holding the achieved position is not quite satisfactory, as all Nordic countries and Lithuania are still ahead of Estonia and Latvia has also rapidly improved its business environment. According to the report, Estonian business environment’s most favourable factor is tax system.

Friday, 8th of September, 2006

Next year’s budget revenues to exceed expenses more than ever
Next year’s budget revenues will be more than EEK 3 billion bigger than this year; budget surplus will be EEK 1.4 billion. According to Minister of Finance Aivar Sõerd, growth is due to improved economic prognosis and expectedly bigger tax revenues. State expects EEK 60 billion from taxing.

Previous weeks:

Back to Baltic Business Monitor
Archives 2003-2005

 TERMS & CONDITIONS / KÄYTTÖOIKEUDET. © Oy Compiler Ab. All rights reserved.